Strattec Security (NASDAQ:STRT) VP Richard Messina Sells 3,000 Shares

Strattec Security Corporation (NASDAQ:STRT) VP Richard Messina sold 3,000 shares of Strattec Security stock in a transaction on Monday, November 17th. The stock was sold at an average price of $66.35, for a total transaction of $199,050.00. Following the completion of the transaction, the vice president directly owned 11,624 shares of the company’s stock, valued at $771,252.40. The trade was a 20.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Strattec Security Price Performance

Shares of NASDAQ STRT traded up $2.08 during mid-day trading on Thursday, hitting $66.54. 6,419 shares of the company’s stock traded hands, compared to its average volume of 56,775. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.89. Strattec Security Corporation has a 1 year low of $31.57 and a 1 year high of $83.00. The company’s 50-day moving average is $67.44 and its two-hundred day moving average is $62.93. The company has a market capitalization of $278.45 million, a P/E ratio of 14.56, a PEG ratio of 1.55 and a beta of 1.51.

Strattec Security (NASDAQ:STRT) last issued its quarterly earnings data on Thursday, October 30th. The auto parts company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.74. Strattec Security had a return on equity of 8.95% and a net margin of 3.31%.The company had revenue of $152.40 million for the quarter, compared to analysts’ expectations of $144.87 million. On average, equities analysts anticipate that Strattec Security Corporation will post 3.67 EPS for the current fiscal year.

Institutional Trading of Strattec Security

Several large investors have recently bought and sold shares of STRT. Ameritas Investment Partners Inc. purchased a new position in shares of Strattec Security in the second quarter worth $25,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Strattec Security during the 2nd quarter valued at about $50,000. Raymond James Financial Inc. acquired a new position in shares of Strattec Security in the second quarter valued at about $92,000. New York State Common Retirement Fund purchased a new position in shares of Strattec Security in the second quarter worth about $106,000. Finally, Triumph Capital Management purchased a new stake in Strattec Security in the third quarter valued at approximately $133,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STRT. Zacks Research upgraded Strattec Security from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Wall Street Zen upgraded shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Strattec Security in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Strattec Security has an average rating of “Moderate Buy”.

About Strattec Security

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.